For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Kalamazoo 49001 Edison
1317 Lay Boulevard
$169,900
● House - Off Market

1317 Lay Boulevard

Kalamazoo, MI 49001
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,559 Ft²
$938
Est. Monthly
9.15%
Cap Rate

About This Property

Beautifully updated 3 bedroom 2 bath home, turnkey and ready for a new owner. Featuring a spacious main floor living area with a bonus room that could double as a 4th bedroom with simply adding a door. Fully updated kitchen with new stainless appliances. Upper level with 3 good sized bedrooms service by a new full bathroom. Unfinished walkup 3rd level with tons of extra storage. Too many updates to list, you wont find a better home at this price point!
Unit Size
1,559 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$109
Property Type
House
Property Taxes
$104
HOA Dues
-
Year Built
1911

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #23142101)

Price History

Date / Event Date Event Price
Feb 9, 2024 Sold
Premium
Sold
Nov 14, 2023 Listed by Five Star Real Estate $169,900
Listed by Five Star Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1911
  • Effective Year Built: 1911
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 175
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 708
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,792
  • Lot Size Frontage Feet: 440
  • Total Building Area: 1,509
  • Building Area: 1,509
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,509
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PARK ADD
  • Land Acres: 0000000110
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 40418 SOUTH PARK ADDITION; LOT 12 IN BLOCK 3.

Neighborhood

  • School District Name: Kalamazoo Public School District
  • School Tax School District: KALAMAZOO
  • Census Tract: 001001

Zoning

  • Zoning: RS-5

Geography

  • District: 0
  • Parcel: 06-26-127-012
  • Block: 3
  • Lot: 12
  • Municipality: KALAMAZOO CITY
  • Latitude: 42.2734
  • Longitude: -85.5631

    Address

  • Full Address: 1317 Lay Blvd
  • Address - House Number: 1317
  • Address - Street Name: Lay
  • Address - Suffix Type: Blvd
  • State: MI
  • City Name: Kalamazoo
  • Carrier Code: C028
  • 4-Digit Zip Code: 3989
  • Zip Code: 49001

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $67,997
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.0922
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 91
  • Final Value: 169,756
  • High Value: 185,424
  • Low Value: 154,089

    Market Valuation

  • Market Total Value: $89,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,900

    Sales

  • Current Sale Contract Date: Jan 30, 2024
  • Current Sale Recording Date: Feb 09, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3227
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Edison

Stats & Trends

Median Asking:

$140,000

Sale Price/ft²

$114

Below Asking

0.03%

Average Days on Market

54

Average Home Size

1150 ft²

Average Home Age

115.7 years

Currently For Sale

20 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2136 Miller Road, Kalamazoo, MI, 49001

$1,450 /mo

  • 3 Beds
  • 1 Bath
  • 890 ft²
2136 Miller Road, Kalamazoo, MI, 49001 Listing by Lindsay Flyn Flynn

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Adam Atwood, Five Star Real Estate
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23142101
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1317 Lay Boulevard built and last sold?
The property at 1317 Lay Boulevard was built in 1911 and last sold on Jan 30, 2024 for $169,900.
How much is this home worth?
The estimated value of the home located at 1317 Lay Boulevard is $171,308.
What are some comparable homes to 1317 Lay Boulevard?
There are currently no comparable homes to 1317 Lay Boulevard.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Kalamazoo Homes for Sale
Kalamazoo Houses for Sale
Kalamazoo Condos for Sale
Kalamazoo Multifamily for Sale
Kalamazoo Land for Sale
Kalamazoo Commercial for Sale
Kalamazoo Homes with Basements
Kalamazoo Homes with Pools
Nearby Cities
Portage Homes for Sale
Westwood Homes for Sale
Eastwood Homes for Sale
Vicksburg Homes for Sale
Comstock Northwest Homes for Sale
Plainwell Homes for Sale
Mattawan Homes for Sale
South Gull Lake Homes for Sale
Nearby Property Records
Kalamazoo County, MI Property Records
Barry County, MI Property Records
Van Buren County, MI Property Records
St. Joseph County, MI Property Records
Calhoun County, MI Property Records
Cass County, MI Property Records
Branch County, MI Property Records
Allegan County, MI Property Records
Neighborhoods
Westwood Real Estate
Millwood Real Estate
Edison Real Estate
Eastwood Real Estate
South Westnedge Real Estate
Westnedge Hill Real Estate
Oakland-Winchell Real Estate
Burke Acres Real Estate
Nearby Counties
Portage Homes for Sale
Texas Homes for Sale
Oshtemo Homes for Sale
Comstock Homes for Sale
Schoolcraft Homes for Sale
Richland Homes for Sale
Cooper Homes for Sale
Pavilion Homes for Sale
Top Real Estate Agents
Top Agents in Edison
Top Agents in Kalamazoo
Top Agents in Portage
Top Agents in Portage
Top Agents in 49009
Top Agents in 49024
Top Agents in 49001
Top Agents in 49048